How to save money on your electric bill this winter
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Illustration: Maura Losch, Lindsey Bailey/Axios
There are practical ways to stay warm without hiking up your heating costs this season, per the U.S. Department of Energy.
Why it matters: Households that use electricity for heat could see bills climb almost 14% compared to last year, per the National Energy Assistance Directors Association.
👀 Check the age of your heating/cooling system.
If your unit is more than 15 years old, it might be time to replace it with a new, more energy-efficient option.
- There are federal tax credits that can help save thousands on your new purchase. And those credits can be combined with state benefits.
🪟 Check your windows.
About 30% of a home's heating energy is lost through windows, according to the DOE. You can install weatherstrips yourself to seal gaps.
- You can also take advantage of natural heat by opening your curtains or blinds during the day to let heat in. Just remember to close them at night to keep the heat trapped inside, per NAR. You can also buy thermal-insulated curtains.
💡 Schedule or do your own home energy audit.
A home energy assessment helps uncover energy inefficiencies and problem areas. You can hire a pro or run through this checklist yourself, which includes tasks like locating air leaks, checking insulation levels, and switching to energy-efficient lighting.
🌡️ Turn down your thermostat.
If you set your thermostat back 7-10 degrees from its regular temperature for eight hours a day, you can save up to 10% on your bill. A smart thermostat can automatically adjust your heating/cooling schedule for maximum efficiency.
Pro tip: Low-income households may qualify for the Department of Energy's Weatherization Assistance Program, which is free.
